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REGISTERED NUMBER: 07680173 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

B&M Packaging Services Limited

B&M Packaging Services Limited (Registered number: 07680173)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


B&M Packaging Services Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M J Baker
L J Singleton
Mrs P Baker





REGISTERED OFFICE: Unit 3 Severnside,
Brue Avenue
Bridgwater
Somerset
TA6 5LT





REGISTERED NUMBER: 07680173 (England and Wales)

B&M Packaging Services Limited (Registered number: 07680173)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,329 114,948

CURRENT ASSETS
Stocks 112,025 101,812
Debtors 5 256,599 297,786
Cash at bank and in hand 344,911 646,521
713,535 1,046,119
CREDITORS
Amounts falling due within one year 6 216,973 433,062
NET CURRENT ASSETS 496,562 613,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

639,891

728,005

CREDITORS
Amounts falling due after more than one
year

7

(3,636

)

(14,105

)

PROVISIONS FOR LIABILITIES 8 - (12,156 )
NET ASSETS 636,255 701,744

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 635,255 700,744
SHAREHOLDERS' FUNDS 636,255 701,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





M J Baker - Director


B&M Packaging Services Limited (Registered number: 07680173)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

B&M Packaging Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on straight line basis
Fixtures and fittings - 10% on straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 19 ) .

B&M Packaging Services Limited (Registered number: 07680173)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2022 90,219 194,763 23,025
Additions - 78,650 -
At 30 June 2023 90,219 273,413 23,025
DEPRECIATION
At 1 July 2022 61,557 129,998 23,025
Charge for year 6,369 32,136 -
At 30 June 2023 67,926 162,134 23,025
NET BOOK VALUE
At 30 June 2023 22,293 111,279 -
At 30 June 2022 28,662 64,765 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 50,295 12,605 370,907
Additions - - 78,650
At 30 June 2023 50,295 12,605 449,557
DEPRECIATION
At 1 July 2022 35,090 6,289 255,959
Charge for year 10,059 1,705 50,269
At 30 June 2023 45,149 7,994 306,228
NET BOOK VALUE
At 30 June 2023 5,146 4,611 143,329
At 30 June 2022 15,205 6,316 114,948

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 206,468 210,621
Other debtors 581 5,443
Corporation tax 30,364 30,364
Deferred tax asset 2,876 -
Prepayments and accrued income 16,310 51,358
256,599 297,786

B&M Packaging Services Limited (Registered number: 07680173)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 7,328 16,591
Trade creditors 168,149 362,642
Social security and other taxes 5,611 2,219
VAT 3,218 25,101
Other creditors 3,737 7,859
Accruals and deferred income 28,930 18,650
216,973 433,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 3,636 14,105

8. PROVISIONS FOR LIABILITIES
2022
£   
Deferred tax 12,156

Deferred
tax
£   
Balance at 1 July 2022 12,156
Credit to Income Statement during year (15,032 )
Balance at 30 June 2023 (2,876 )

The deferred tax at 25% comprises timing differences between depreciation on fixed assets and capital allowances claimed of £29,763 less tax losses of £32,639.